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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (USD $)
Common Stock
Treasury Stock
Additional Paid-In Capital
Statutory Common Reserve
Retained Earnings
Cumulative Translation Adjustment
Total
Balance at Dec. 31, 2010 $ 17,368   $ 66,626,584 $ 10,271,293 $ 106,500,085 $ 9,269,864 $ 192,685,194
Balance, shares at Dec. 31, 2010 34,735,912            
Translation adjustments           12,493,402 12,493,402
Common stock repurchased   (500,000) 0 0 0 0 (500,000)
Common stock repurchased, shares (184,599) 184,599          
Common stock issued for exercising stock options     (5)     0 0
Common stock issued for exercising stock options, shares 9,430           (12,500)
Issuance of warrants to non-employees     452,000 0 0 0 452,000
Issuance of stock options to employees     7,029,400 0 0 0 7,029,400
Net income         30,952,760   30,952,760
Transfer to statutory common reserve fund         (4,138,264)    
Balance at Dec. 31, 2011 17,373 (500,000) 74,107,979 14,409,557 133,314,581 21,763,266 243,112,756
Balance, shares at Dec. 31, 2011 34,560,743 184,599         34,560,743
Translation adjustments           733,013 733,013
Common stock repurchased, shares             0
Issuance of stock options to employees     510,500 0 0 0 510,500
Common stock issued for acquiring assets 1,903   4,870,709 0 0 0 4,872,612
Common stock issued for acquiring assets, shares 3,806,728            
Net income         14,995,503   14,995,503
Transfer to statutory common reserve fund         (1,564,330)   0
Balance at Dec. 31, 2012 $ 19,276 $ (500,000) $ 79,489,188 $ 15,973,887 $ 146,745,754 $ 22,496,279 $ 264,224,384
Balance, shares at Dec. 31, 2012 38,367,471 184,599         38,367,471